From the date a U.S. patent is granted to a firm, it ceases to be a potential source of monopoly profits after
A) 20 years.
B) 14 years.
C) 10 years.
D) 7 years.
Answer: A
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Considerable day-to-day volatility in major exchange rates is caused by
A) shifts in tastes or preferences for domestic versus foreign goods. B) international capital mobility and expectations of future exchange rates. C) sudden changes in productivity in one nation versus others. D) highly variable inflation rates in some industrialized countries.
A food company trying to increase its profits by expanding in to the soft drinks business is an example of
a. Economies of scale b. Economies of Scope c. Diseconomies of Scale d. Diseconomies of Scope
The interest rate on primary credit extended by the Fed is:
A. equal to the IOER. B. the average of the prime interest rate charged by the ten largest banks in the nation. C. below the IOER. D. above the IOER.
The price of a Honda Accord
a. and the price of a Honda Accord divided by the price of a Honda Civic are both real variables. b. and the price of a Honda Accord divided by the price of Honda Civic are both nominal variables. c. is a real variable, and the price of a Honda Accord divided by a Honda Civic is a nominal variable. d. is a nominal variable and the price of a Honda Accord divided by the price of a Honda Civic is a real variable.